Updated 12 Hours Ago
Highlights
Pet Friendly
Location
488 University Ave, Toronto, ON M5G 0C1, CAN|Grange Park
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Floor plans
| 2bed+2baths | 2 bed | 2 bath | 689 sqft | $3,300 /mo | 1 unit available |
Let's explore this property.
Amenities for The Residences of 488 University Avenue
Apartment Amenities
| Air Conditioning | Balcony |
| Central Air Conditioning | Central Heat |
| Trash Included | Utilities/Sewer |
| View |
Appliances
| Dishwasher | Dishwasher Available |
| Fridge | In-Unit Laundry |
| Individual Thermostats | Stove |
| Washer In-Suite |
Tech
| Alarm System | Internet Ready |
Building
| Cats OK | Controlled Access |
| Dogs OK | Elevator |
| Fitness Center | Gym |
| No Smoking Allowed | Onsite Laundry |
| Recreation Room | Residents Lounge |
| Social Room | Video Surveillance |
Grounds
| Exercise Room | Swimming Pool |
Services
| 24/7 Concierge Service | Concierge Service |
| On-Site Management | Security Onsite |
Neighborhood
| Convenience Store | Public Transit |
| Shopping Nearby |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Deposit
One-time.
$6,600
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Year built | 2020 |
|---|---|
| Lease terms | 12 months |
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About The Residences of 488 University Avenue
PLEASE READ UNTIL END BEFORE ENQUIRING Not intended to solicit buyers or sellers currently under contract with a brokerage SO IF YOU ALREADY SPOKE TO/WORKING WITH ANOTHER REALTOR PLEASE ADVISE THEM TO BOOK THE SHOWING ON YOUR BEHALF. DO NOT CONTACT ME (CONFLICT OF INTEREST). NO SHORT TERM RENTALS. Move in date: 0-30 days (anything longer please contact me by phone). Welcome To Award Winning Prestigious Building "The Residences Of 488 University Avenue", Located In The Heart Of Downtown Toronto. With 100% Transit Score. Featuring 2 Bedrooms And 2 Full Bathrooms. Luxurious Finishes, High-End Integrated Appliances. Modern Kitchen With Centre Island, Engineered Hardwood Floor Throughout. Functional Open Concept Layout. Smart Home Control, World Class 5 Star Sky Club Amenities. Direct Access To St. Patrick Subway, Steps To Financial And Entertainment. 24 Hours Concierge Pool, Sauna, Gym, Media Room, Roof Deck And Many More! Parking Available For Rent Through Amexon. Landlord requires that your income to rent ratio to be under 39% (rent should not be more than 39% of your income) and a credit score of over 700 Documents required for lease of unit: 1) Copy of Canadian photo ID 2) letter of employment and 2 recent paystubs, if self employed 2 years Notice Of Assessment (NOA) 3) Full credit report from transunion or equifax A+++ tenants only **Not intended to solicit buyers or sellers currently under contract with a brokerage** so if you are already working with a realtor please advise them to book showing on your behalf. listed by RE/MAX PREMIER INC.
Year Built: 2020
The Residences of 488 University Avenue is great for:
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Rent trends in Grange Park
2-bedroom apartments at The Residences of 488 University Avenue cost about 10% more than the average rent price for 2-bedroom apartments in Grange Park.
Median rents as of Aug 1 2026.
Grange Park
Toronto
| Month | Median Rent |
|---|---|
| August 2024 | $1,946 |
| September 2024 | $1,907 |
| October 2024 | $1,898 |
| November 2024 | $1,899 |
| December 2024 | $1,899 |
| January 2025 | $1,887 |
| February 2025 | $1,853 |
| March 2025 | $1,862 |
| April 2025 | $1,856 |
| May 2025 | $1,842 |
| June 2025 | $1,806 |
| July 2025 | $1,800 |
| August 2025 | $1,800 |
| September 2025 | $1,799 |
| October 2025 | $1,798 |
| November 2025 | $1,768 |
| December 2025 | $1,750 |
| January 2026 | $1,741 |
| February 2026 | $1,709 |
| March 2026 | $1,700 |
| April 2026 | $1,700 |
| May 2026 | $1,706 |
| June 2026 | $1,722 |
| July 2026 | $1,732 |
| August 2026 | $1,720 |
| Month | Median Rent |
|---|---|
| August 2024 | $1,883 |
| September 2024 | $1,818 |
| October 2024 | $1,716 |
| November 2024 | $1,714 |
| December 2024 | $1,797 |
| January 2025 | $1,800 |
| February 2025 | $1,765 |
| March 2025 | $1,720 |
| April 2025 | $1,749 |
| May 2025 | $1,727 |
| June 2025 | $1,772 |
| July 2025 | $1,800 |
| August 2025 | $1,799 |
| September 2025 | $1,755 |
| October 2025 | $1,701 |
| November 2025 | $1,699 |
| December 2025 | $1,684 |
| January 2026 | $1,653 |
| February 2026 | $1,621 |
| March 2026 | $1,709 |
| April 2026 | $1,788 |
| May 2026 | $1,978 |
| June 2026 | $2,036 |
| July 2026 | $1,929 |
| August 2026 | $1,873 |
Affordability calculator
Can I afford to live at 488 University Ave?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$132,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $132,000 annually to afford this 2-bedrooms monthly rent price of $3,300.
For more information on rent affordability, visit our rent calculator.
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Internet available near The Residences of 488 University Avenue
Neighborhood
Grange Park | Toronto, ON
Getting around Toronto near 488 University Ave
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
6/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 488 University Ave, Toronto
Groceries
10/10
Exceptional variety of groceries within a few minutes' walk
Shopping
10/10
Exceptional variety of shops within a few minutes’ walk
Cafes
10/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
10/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
10/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 488 University Ave
Longo's
111 Elizabeth St
Lucky Moose
393 Dundas St W
Cavalcanti Hume Funfer Inc
80 Richmond St W
Galati G
20 Queen St W
Metro
444 Yonge St
Olio Studio
160 McCaul St
Marzena Boutique
595 Bay Stree
Mehanna Fashion
595 Bay St
Mark's
65 Dundas St W
Mansueta Medical Garment Fitters
700 University Ave
Starbucks
439 University Ave
Tim Hortons
438 University Ave
Tim Hortons
175 Dundas St W
Kyoto House Restaurant
143 Dundas St W
Starbucks
555 University Ave
Sin & Redemption
136 McCaul St
St Louis Bar & Grill
595 Bay St
Par Bar Topgolf Swing Suite
525 Bay St
Club Lounge
525 Bay St
Jazz in Toronto
194 Queen St W
Bapbo
142 Dundas St W
Bread & Bowl
2 Murray St
Butter Baker
120 Dundas St W
Uncle Tetsu's Japanese Cheesecake
595 Bay St
Baldwin Natural Markets & Cafe
16 Baldwin St
Garden
Park
Playground
Garden
Downtown Diversity Garden on Elizabeth Street
Ashoka Fine Indian Cuisine
209 Dundas St W
Ali Baba's
197 Dundas St W
Mediterranean 2Go
197 Dundas St W
Wah Too Seafood Restaurant
56 Centre Ave
Avenue Cafe & Bistro
488 University Ave
Dundas St West at University Ave - St Patrick Station
DUNDAS
Dundas St West at University Ave - St Patrick Station
DUNDAS
Dundas St West at Chestnut St
DUNDAS
Elm St at University Ave East Side
AVENUE ROAD
Dundas St West at Chestnut St
DUNDAS
Union Station
Lakeshore East, Lakeshore West, Lakeshore East, Barrie, Barrie, Richmond Hill, Stouffville, Milton, Stouffville, Kitchener, Lakeshore West, Richmond Hill, Kitchener, Milton
UP Express Union Station
Union Pearson Express
Exhibition
Lakeshore West, Lakeshore West
Bloor
Kitchener, Kitchener
Bloor GO/UP
Union Pearson Express
St Patrick Station - Northbound Platform
LINE 1 (YONGE-UNIVERSITY)
St Patrick Station - Southbound Platform
LINE 1 (YONGE-UNIVERSITY)
Osgoode Station - Northbound Platform
LINE 1 (YONGE-UNIVERSITY)
Queen's Park Station - Southbound Platform
LINE 1 (YONGE-UNIVERSITY)
Osgoode Station - Southbound Platform
LINE 1 (YONGE-UNIVERSITY)
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